NuVista Energy Ltd. declares a number of updates that highlight the economic viability and flexibility of NuVista's ongoing business. Corporate metrics have met all original guidance expectations for 2015, while well results continue to improve and outperform.
Field-estimated production for the fourth quarter of 2015 was approximately 23,400 Boe/d despite previously announced downtime due to temporary Nova and Alliance outages and holdbacks. This is an increase of 9% from the third quarter of 2015, and meets fourth quarter guidance which was 23,250 - 24,000 Boe/d.
2015 production met the lower end of the original guidance range of 22,500 - 24,000 Boe/d as expected due to approximately 1,250 boe/d of various third party restrictions encountered throughout the year and 150 boe/d of production associated with minor divestitures.